GRANITE RIDGE RESOURCES INC (GRNT) Stock Price, Forecast & Analysis
USA • New York Stock Exchange • NYSE:GRNT • US3874321074
GRNT Key Statistics, Chart & Performance
The current stock price of GRNT is 5.06 USD. In the past month the price increased by 16.06%. In the past year, price decreased by -18.65%.
GRNT Technical Analysis
ChartMill assigns a technical rating of 3 / 10 to GRNT. When comparing the yearly performance of all stocks, GRNT is a bad performer in the overall market: 79.65% of all stocks are doing better.
GRNT Fundamental Analysis
ChartMill assigns a fundamental rating of 4 / 10 to GRNT. While GRNT is still in line with the averages on profitability rating, there are concerns on its financial health.
GRNT Financial Highlights
Over the last trailing twelve months GRNT reported a non-GAAP Earnings per Share(EPS) of 0.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 8.33% | ||
| ROA | 3.33% | ||
| ROE | 5.84% | ||
| Debt/Equity | 0.47 |
GRNT Forecast & Estimates
12 analysts have analysed GRNT and the average price target is 6.97 USD. This implies a price increase of 37.75% is expected in the next year compared to the current price of 5.06.
For the next year, analysts expect an EPS growth of -5.29% and a revenue growth 26.39% for GRNT
GRNT Ownership
GRNT Competitors/Peers
| Symbol | Company Name | Technical Rating | Fundamental Rating | FPE | Market Cap |
|---|---|---|---|---|---|
| COP | CONOCOPHILLIPS | 19.77 | 134.323B | ||
| EOG | EOG RESOURCES INC | 11.56 | 61.786B | ||
| FANG | DIAMONDBACK ENERGY INC | 15.53 | 47.552B | ||
| EQT | EQT CORP | 13.99 | 35.029B | ||
| DVN | DEVON ENERGY CORP | 12.41 | 27.275B | ||
| VG | VENTURE GLOBAL INC-CL A | 12.31 | 24.897B | ||
| EXE | EXPAND ENERGY CORP | 11.2 | 24.589B | ||
| CTRA | COTERRA ENERGY INC | 13.72 | 23.23B | ||
| VNOM | VIPER ENERGY INC-CL A | 33.7 | 15.657B | ||
| PR | PERMIAN RESOURCES CORP-CL A | 15.1 | 14.214B |
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About GRNT
Company Profile
Granite Ridge Resources, Inc. engages in the exploration, development, and production of oil and natural gas. The company is headquartered in Dallas, Texas and currently employs 3 full-time employees. The company went IPO on 2020-11-06. The firm owns assets in six unconventional basins across the United States. The company holds assets in the Permian (Delaware and Midland basins), Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ) and Appalachian basins (Properties). The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes the Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a natural gas basin located in northwestern Louisiana and east Texas. The DJ Basin is a geologic basin centered in eastern Colorado, stretching into southeast Wyoming, western Nebraska and western Kansas. The Appalachian Basin is a geologic basin in the eastern United States.
Company Info
GRANITE RIDGE RESOURCES INC
5217 Mckinney Avenue, Suite 400
Dallas TEXAS US
Employees: 3
Phone: 12143962850
GRANITE RIDGE RESOURCES INC / GRNT FAQ
Can you describe the business of GRANITE RIDGE RESOURCES INC?
Granite Ridge Resources, Inc. engages in the exploration, development, and production of oil and natural gas. The company is headquartered in Dallas, Texas and currently employs 3 full-time employees. The company went IPO on 2020-11-06. The firm owns assets in six unconventional basins across the United States. The company holds assets in the Permian (Delaware and Midland basins), Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ) and Appalachian basins (Properties). The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes the Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a natural gas basin located in northwestern Louisiana and east Texas. The DJ Basin is a geologic basin centered in eastern Colorado, stretching into southeast Wyoming, western Nebraska and western Kansas. The Appalachian Basin is a geologic basin in the eastern United States.
What is the stock price of GRANITE RIDGE RESOURCES INC today?
The current stock price of GRNT is 5.06 USD. The price decreased by -1.36% in the last trading session.
What is the dividend status of GRANITE RIDGE RESOURCES INC?
GRANITE RIDGE RESOURCES INC (GRNT) has a dividend yield of 8.87%. The yearly dividend amount is currently 0.44.
What is the ChartMill rating of GRANITE RIDGE RESOURCES INC stock?
GRNT has a ChartMill Technical rating of 3 out of 10 and a ChartMill Fundamental rating of 4 out of 10.
Where is GRANITE RIDGE RESOURCES INC (GRNT) stock traded?
GRNT stock is listed on the New York Stock Exchange exchange.
What is the expected growth for GRNT stock?
The Revenue of GRANITE RIDGE RESOURCES INC (GRNT) is expected to grow by 26.39% in the next year. Check the estimates tab for more information on the EPS, Sales, EBIT and EBITDA future analyst estimates.
Can you provide the market cap for GRANITE RIDGE RESOURCES INC?
GRANITE RIDGE RESOURCES INC (GRNT) has a market capitalization of 664.13M USD. This makes GRNT a Small Cap stock.